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April 1, 2010

According to the U.S. Department of Agriculture's weekly Export Sales Report, total known outstanding sales and accumulated exports of all classes of wheat for the 2009/10 marketing year, through March 25, 2010 were 21.108 million metric tons (MMT), 17 percent lower than last year's year-to-date total of 25.402 MMT.

Net sales of 430,600 metric tons for delivery in 2009/10 were up 16 percent from the previous week and 43 percent from the prior 4-week average, and within trade estimates of 300,000 to 450,000 MT. Increases were reported for Japan (169,610 HRS, 1,030 white), South Korea (217 SRW, 55,000 white), China (50,197 HRS), Mexico (26,727 HRW, 1,250 HRS, 7,910 SRW), and Nigeria (8,182 HRW, 10,912 HRS, 13,865 SRW). Net sales of 53,000 MT for delivery in 2010/11 were mainly for Nigeria (24,000 SRW) and Colombia (22,000 SRW).

USDA forecasts 2009/10 U.S. wheat exports (including donations) to reach 22.45 MMT. Commitments to date (of wheat and wheat products) are 95 percent of total projected exports, down from the 5-year average of 98 percent of exports committed by this date.

(See attached file: CS 100325.pdf)(See attached file: CS 100325.xls)
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